Before this online self-study audit CPE course, the task of monitoring subrecipients in the context of grant funding might seem daunting, with a myriad of regulations and risks to consider. This auditing CPE course acts as a bridge, leading you from a place of uncertainty to comprehensive understanding and effective management. It covers everything from identifying the applicable regulations and conducting thorough risk assessments to developing a robust monitoring plan and understanding the components of an internal control system. After completing the online government auditing CPE course, you will be well-equipped to handle the complexities of subrecipient monitoring, ensuring the proper use of grant funds and maintaining accountability to grantor organizations. This self-study government auditing CPE course will transform your approach to grant management, making you a more competent and confident overseer of these vital funds.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Identify the regulations that apply to subrecipient monitoringby pass-through entitiesincluded in the Uniform Administrative Requirements applicable to state and local governments and nonprofitorganizations
Identify key government regulators and their function
Recognize the UGG requirements for conducting risk assessments of subrecipients
Identify the requirements for monitoring subrecipients
Cite additional considerations when conducting risk assessments of subrecipients
Distinguish between inherent risk, control risk and detection risk
Recall the elements of the fraud triangle
Recognize the elements of a three-tier monitoring plan
Identify the need for documentation of monitoring
Cite when the grantor organization needs to be informed about subrecipient issues
Identify the elements in reviewing a subrecipient's Single Audit Report
Identify the factors to consider when resolving the findings in a subrecipient's Single Audit Report
Recall the components of an internal control system
Recognize tools and guides provided by the AGA for monitoring subrecipients
Major Topics
- The Uniform Grant Guidance
- General Principles & Basic Premises
Risk Assessment and Monitoring
Additional Expectations for Rish Assessments
The Consideration of Fraud: The Fraud Triangle
Have a Monitoring Plan for Each Recipient
Follow Up on All Identified Problems
The Single Audit
Internal Controls Standards
Tools you can use
